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What are the steps to execute a stop limit order on Binance for trading digital currencies?

avatarMansour Diagne JuniorDec 18, 2021 · 3 years ago3 answers

Can you provide a step-by-step guide on how to execute a stop limit order on Binance for trading digital currencies? I want to make sure I understand the process correctly.

What are the steps to execute a stop limit order on Binance for trading digital currencies?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Sure! Here's a step-by-step guide to executing a stop limit order on Binance: 1. Log in to your Binance account and navigate to the trading page. 2. Select the trading pair you want to trade. 3. Click on the 'Stop-Limit' tab. 4. Enter the stop price, which is the price at which you want the order to be triggered. 5. Set the limit price, which is the price at which you want the order to be executed. 6. Enter the quantity of the digital currency you want to buy or sell. 7. Choose whether you want to place a 'Buy' or 'Sell' order. 8. Review the order details and click on the 'Buy' or 'Sell' button to place the order. That's it! Your stop limit order will be executed when the market price reaches your stop price and the order will be filled at your limit price.
  • avatarDec 18, 2021 · 3 years ago
    Executing a stop limit order on Binance for trading digital currencies is easy! Just follow these steps: 1. Log in to your Binance account. 2. Go to the trading page and select the trading pair you want to trade. 3. Click on the 'Stop-Limit' tab. 4. Enter the stop price, which is the price at which you want the order to be triggered. 5. Set the limit price, which is the price at which you want the order to be executed. 6. Enter the quantity of the digital currency you want to buy or sell. 7. Choose whether you want to place a 'Buy' or 'Sell' order. 8. Review the order details and click on the 'Buy' or 'Sell' button to place the order. That's it! Your stop limit order will be executed according to your specifications.
  • avatarDec 18, 2021 · 3 years ago
    No worries, I got you covered! Here's a step-by-step guide on how to execute a stop limit order on Binance for trading digital currencies: 1. Log in to your Binance account and head over to the trading page. 2. Choose the trading pair you want to trade. 3. Look for the 'Stop-Limit' tab and click on it. 4. Input the stop price, which is the price at which you want the order to be triggered. 5. Set the limit price, which is the price at which you want the order to be executed. 6. Specify the quantity of the digital currency you want to buy or sell. 7. Decide whether you want to place a 'Buy' or 'Sell' order. 8. Take a moment to review the order details and click on the 'Buy' or 'Sell' button to place the order. That's it! Your stop limit order will be executed when the market price reaches your stop price and the order will be filled at your limit price.